The Records of Milwaukee Sprinkler Systems Report Net Sales of $360,000

question 153

Multiple Choice

The records of Milwaukee Sprinkler Systems report net sales of $360,000, net income of $180,000 and average total assets of $350,000. Using DuPont analysis, calculate the two ratios used for return on assets. (Round your final answer to two decimal places.)

• A)Net profit margin ratio is 1.94; Total asset turnover is 50%.
• B)Net profit margin ratio is 50%; Total asset turnover is 1.03.
• C)Net profit margin ratio is 51%; Total asset turnover is 2.00.
• D)Net profit margin ratio is 1.50; Total asset turnover is 51%.

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